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LeMaitre Vascular buys Southbridge firm's assets

The Lowell Sun

Updated:
07/09/2013 05:31:06 PM EDT

BURLINGTON -- LeMaitre Vascular Inc., a provider of devices and implants used in the treatment of vascular disease, announced Tuesday that it has acquired the assets of Southbridge-based Clinical Instruments International Inc. for $1.1 million.

Clinical Instruments makes carotid shunts and embolectomy catheters.

In a statement, LeMaitre officials said the deal enables their company to grow its second and third product lines, catheters and shunts. It also brings two new products: latex-free carotid shunts and latex-free dual-lumen embolectomy catheters.

LeMaitre, based on Second Avenue, reported 2012 revenues of $56.7 million.

Shares of the company closed Tuesday at $6.66, up 2 cents, in Nasdaq activity.

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